StoneRiver Introduces Enhanced Version 7.5 of LifeSuite® Automated Underwriting

New version demonstrates StoneRiver's commitment to providing the most feature-rich and functionally superior automated underwriting system

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StoneRiver, Inc.

Apr 29, 2014, 08:00 ET

DENVER, April 29, 2014 /PRNewswire/ -- StoneRiver, Inc., the trusted insurance technology partner with solutions across multiple business lines, today announced the introduction of the enhanced version 7.5 of LifeSuite. The new version is generally available as of mid-March 2014 and provides the latest set of product advancements, enhancing a 20-year track record of providing innovative underwriting solutions to the marketplace.

With several StoneRiver, Inc. clients already committed to well-defined upgrade paths and installing Version 7.5, this new version of LifeSuite further demonstrates StoneRiver's commitment to providing a feature-rich and functionally superior automated underwriting system in the market. One additional, new customer for StoneRiver is also taking Version 7.5 as part of a new initiative to be named later this year.

Additional key capabilities offered with the enhanced product include:

New, highly configurable case assignment functionality with out-of-office and automatic related case assignments
Additional lab vendor interfaces, and enhanced support for MVR and Prescription history providers
Advanced automatic case decisioning and export to policy administration systems
Seamless integration to StoneRiver's LifeApply e-Application
Application Data Entry enhanced for fully reflexive questions
Certification for SQL 2012, MS .Net 5.0

"StoneRiver's expanded functionality in LifeSuite shows the vendor's commitment to improving an insurer's ability to automate the underwriting function," commented Karen Monks, Senior Analyst with Celent's Insurance Group. "LifeSuite already had a high level of functionality to meet the underwriting needs of an insurer; the new system expands this base particularly in the third party data support and case management."

Jim Woodward, SVP Life Carrier Solutions, also remarked, "We are excited about making LifeSuite 7.5 generally available to the market. But more importantly, we are happy to announce that we have multiple key customer implementations taking place on the new platform. This is validation that we have a real differentiator in the market. The new, advanced functionality in LifeSuite also brings further usability enhancements to our already improved and intuitive user interface."

LifeSuite is an award-winning, web-based new business and automated underwriting system that drives straight-through automation, streamlining the entire new business process from application receipt through coverage approval, providing the most efficient and consistent automated underwriting solution available.

About StoneRiver, Inc.

StoneRiver delivers the industry's widest range of technology solutions and services to insurance carriers, agents and broker-dealers. This versatile product group encompasses front-office, policy, claim, rating, underwriting, billing and reinsurance solutions for all major business lines. Hundreds of companies rely on StoneRiver software and processing solutions to achieve a competitive edge. StoneRiver promotes client success by streamlining complex business processes. Visit stoneriver.com for more information.

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SOURCE StoneRiver, Inc.